Dell Technologies (NYSE:DELL) Trading Down 2.9% – What’s Next?

Shares of Dell Technologies Inc. (NYSE:DELL) fell 2.9% on Monday . The stock traded as low as $122.09 and last traded at $124.0540. 8,386,358 shares were traded during mid-day trading, an increase of 26% from the average session volume of 6,671,416 shares. The stock had previously closed at $127.80.

Wall Street Analyst Weigh In

Several research firms recently commented on DELL. Zacks Research downgraded Dell Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Daiwa Capital Markets boosted their price target on shares of Dell Technologies from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, December 3rd. Wells Fargo & Company upped their price objective on shares of Dell Technologies from $160.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. Evercore ISI set a $180.00 price objective on Dell Technologies and gave the company an “outperform” rating in a research report on Monday, November 3rd. Finally, JPMorgan Chase & Co. raised their target price on Dell Technologies from $165.00 to $170.00 and gave the company an “overweight” rating in a research note on Monday, November 17th. Sixteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $162.84.

Dell Technologies Trading Down 2.9%

The firm’s 50 day moving average price is $135.36 and its 200-day moving average price is $134.19. The company has a market cap of $82.21 billion, a P/E ratio of 15.44, a price-to-earnings-growth ratio of 0.85 and a beta of 1.03.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Tuesday, November 25th. The technology company reported $2.59 earnings per share for the quarter, beating analysts’ consensus estimates of $2.47 by $0.12. The company had revenue of $27.01 billion for the quarter, compared to the consensus estimate of $27.26 billion. Dell Technologies had a negative return on equity of 234.84% and a net margin of 5.01%.The firm’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.15 EPS. Dell Technologies has set its FY 2026 guidance at 9.920-9.920 EPS and its Q4 2026 guidance at 3.500-3.500 EPS. Analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Tuesday, January 20th will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, January 20th. Dell Technologies’s dividend payout ratio is presently 28.00%.

Insider Buying and Selling

In other news, Director Ellen Jamison Kullman sold 79,806 shares of Dell Technologies stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $153.56, for a total transaction of $12,255,009.36. Following the transaction, the director owned 65,662 shares in the company, valued at $10,083,056.72. The trade was a 54.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lake Group L.L.C. Silver sold 6,617 shares of Dell Technologies stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $151.63, for a total transaction of $1,003,335.71. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 1,200,159 shares of company stock valued at $185,983,206. 42.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dell Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Armstrong Advisory Group Inc. increased its holdings in Dell Technologies by 3.6% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 1,829 shares of the technology company’s stock worth $259,000 after purchasing an additional 63 shares in the last quarter. Flagship Harbor Advisors LLC grew its holdings in shares of Dell Technologies by 1.3% during the third quarter. Flagship Harbor Advisors LLC now owns 5,563 shares of the technology company’s stock worth $789,000 after buying an additional 71 shares in the last quarter. Westside Investment Management Inc. raised its position in Dell Technologies by 35.8% in the 3rd quarter. Westside Investment Management Inc. now owns 296 shares of the technology company’s stock valued at $43,000 after buying an additional 78 shares during the last quarter. Pinnacle Associates Ltd. lifted its stake in Dell Technologies by 0.4% in the 3rd quarter. Pinnacle Associates Ltd. now owns 21,631 shares of the technology company’s stock valued at $3,067,000 after acquiring an additional 78 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC boosted its position in Dell Technologies by 2.3% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 3,559 shares of the technology company’s stock worth $504,000 after acquiring an additional 81 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

About Dell Technologies

Dell Technologies Inc is a multinational technology company that designs, manufactures and sells a broad range of information technology products, solutions and services. Its offerings span client computing devices (consumer and commercial laptops and desktops), enterprise infrastructure (servers, storage systems and networking equipment), software and cloud infrastructure, and a variety of professional services such as IT consulting, deployment, managed services and financing solutions. The company serves organizations of all sizes as well as individual consumers, with products and services aimed at enabling digital transformation and modern IT environments.

Founded by Michael Dell in 1984, the company grew from a direct-to-consumer PC business into a diversified IT provider through organic expansion and strategic acquisitions.